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Dec 27, 2012
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on the fiscal cliff. here is more from leader reid a short time ago. >> if we go over the cliff and it looks like that's where we're headed, mr. president, the house of representatives, as we speak, with four days left after today before the first of the year aren't here with the speaker having told them they will give them 8 hours notice. i can't imagine their consciences. >> reporter: of course president obama has left hawaii. he is heading back to washington from his family vacation. we learned from the white house that the president had made calls to the top four congressional leaders mcconnell and boehner on the republican side, pelosi and reid on the democratic side. we'll see what the president has in mind when he touches down back in washington a little later this morning, harris. harris: mike you mentioned it. i'm mentioning it too. it is coming into the newsroom from senator mcconnell's spokesperson and just wondering what the republicans say they want. they want to review legislation and make d
on the fiscal cliff. here is more from leader reid a short time ago. >> if we go over the cliff and it looks like that's where we're headed, mr. president, the house of representatives, as we speak, with four days left after today before the first of the year aren't here with the speaker having told them they will give them 8 hours notice. i can't imagine their consciences. >> reporter: of course president obama has left hawaii. he is heading back to washington from his family...
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Dec 29, 2012
12/12
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of monday's midnight deadline for the fiscal cliff. failure could kick the country back into a recession. wyatt andrews is on capitol hill. >> reporter: today the halls of the senate were almost empty, as proposals got traded in private and over the phone. senate minority leader much mcconnell tried to sound upbeat. going to get a deal today sir? >> hope. so. >> reporter: house speaker boehner came to the capitol but left without comment. issue number one in the talks is amending the bush era tax cuts, which if unchanged will expire and raise taxes on all americans. starting tuesday, the average tax hike will be three to 5% per person. >> let's keep taxes exactly where they are on the first $250,000 of everybody's income. >> reporter: the president campaigned to increase taxes only on families making more than $250,000 per year. almost two weeks ago, the president offered a compromise to raise taxes only on income above 400,000, hoping that might win republican support. >> i have gone at least halfway. >> reporter: the senate is also n
of monday's midnight deadline for the fiscal cliff. failure could kick the country back into a recession. wyatt andrews is on capitol hill. >> reporter: today the halls of the senate were almost empty, as proposals got traded in private and over the phone. senate minority leader much mcconnell tried to sound upbeat. going to get a deal today sir? >> hope. so. >> reporter: house speaker boehner came to the capitol but left without comment. issue number one in the talks is...
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Dec 27, 2012
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nothing going over the fiscal cliff. let the tax cut expire. come back in, offer the tax cuts for people under 250. call them obama cuts and get it going. if you are in congress. you make $175,000 a year. you get vacation days off. they go back and smoke cigars, eat steak, drink wine and laugh. >> andrea: is there something wrong with eating and drinking? if with pay them to do it. >> eric: they want to hit the buffet line. >> andrea: do it on their own time. not when the country is in a financial crisis. i think obama gets a superhero cape after this. >> andrea: people say republican goes down either way on this. but the house and the senate, this last election by blaming republicans. does he think he will get blamed for this? no. he figures i can do whatever i want. leave the republicans out for dead. >> eric: he is winning the messaging game. that is clear. >> andrea: i say that with confidence. he was able to say look, i was willing to meet them halfway. more than 50%. they don't want to work with us together. he is coming off strong, comin
nothing going over the fiscal cliff. let the tax cut expire. come back in, offer the tax cuts for people under 250. call them obama cuts and get it going. if you are in congress. you make $175,000 a year. you get vacation days off. they go back and smoke cigars, eat steak, drink wine and laugh. >> andrea: is there something wrong with eating and drinking? if with pay them to do it. >> eric: they want to hit the buffet line. >> andrea: do it on their own time. not when the...
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Dec 26, 2012
12/12
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the deadline for the fiscal cliff edging closer. the president and lawmakers will return to washington. what lies ahead and is there time to reach a deal? i look at the true holiday spectacular in howard county. stay tuned as we look at the symphony of lights. >> many families packed up and took a drive through the symphony of flights. this is the 19th year for the gigantic light show. tommy culp was there and brought this back with him. >>♪ >> how nice. that is all for me. here is what is next. >> we still got some rain out there. we talk about how this storm will wind down. >> a baltimore man indicted in the death of his son. >> an officer involved shooting. we have the latest. >> you're watching wbal tv 11. live, local, late breaking. this is 11 news at 6:00 p.m. [captioning made possible by constellation energy group] >> sleet and snow and treacherous conditions caused panic for folks heading back to work. travelers making their way out of town and everyone in between. the storm blanketed the east coast. it is making things to
the deadline for the fiscal cliff edging closer. the president and lawmakers will return to washington. what lies ahead and is there time to reach a deal? i look at the true holiday spectacular in howard county. stay tuned as we look at the symphony of lights. >> many families packed up and took a drive through the symphony of flights. this is the 19th year for the gigantic light show. tommy culp was there and brought this back with him. >>♪ >> how nice. that is all for me....
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Dec 29, 2012
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to they can't replace the fiscal cliff with a big debt deal. and they're once again starting to talk about the debt ceiling as something that it's not at all clear will be raised in a responsible way. and by responsible, what would happen is they raise the debt ceiling in return for putting in place budgetary changes. but if there's a real threat of not raising the debt ceiling, there's just too much uncertainty right now which could rattle markets and harm the economy. so i'm worried about holding the country hostage on that. i would much prefer to put in place a comprehensive debt deal in advance of that and raise the debt ceiling at the same time. >> all right. well, i know you keep an eye on this better than just about anybody out there. myra mcguinness, thank you for your time. i know we'll be talking to you down the road. >> thank you. >>> let me turn now about 18 minutes from now i'm going to get up here. craig melvin is going to be in the chair. craig, good morning to you, kind sir. how you doing? >> good to see you over there, my frien
to they can't replace the fiscal cliff with a big debt deal. and they're once again starting to talk about the debt ceiling as something that it's not at all clear will be raised in a responsible way. and by responsible, what would happen is they raise the debt ceiling in return for putting in place budgetary changes. but if there's a real threat of not raising the debt ceiling, there's just too much uncertainty right now which could rattle markets and harm the economy. so i'm worried about...
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Dec 28, 2012
12/12
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now to the fiscal cliff hanger. three more days and then tax hikes on everyone, automatic spending cuts, and no deal reported. the two parties are talking again at least. steve has the latest from capitol hill. >> sources are capitol hill say president obama in today's talks feels he has the advantage back and that he will press on his original demand that income taxes rise on earnings over $250,000. it's a positive sign, the first meeting since mid november the four congressional leaders at the white house. called by president obama, house speaker john boehner is a key figure. >> the fact that he has come back to me says that they cannot come up with some kind of agreement. -- that they can come up with an agreement. >> both sides want to avoid middle-class tax cuts. the hang up is the tax hikes on the rich. those making over $250,000 in the obama reposal or $400,000, a level that mitch mcconnell reportedly said he might be able to sel? republicans won the debate shifted. >> the talk about taxes, but what it should
now to the fiscal cliff hanger. three more days and then tax hikes on everyone, automatic spending cuts, and no deal reported. the two parties are talking again at least. steve has the latest from capitol hill. >> sources are capitol hill say president obama in today's talks feels he has the advantage back and that he will press on his original demand that income taxes rise on earnings over $250,000. it's a positive sign, the first meeting since mid november the four congressional leaders...
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Dec 27, 2012
12/12
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as that fiscal cliff nears. now just six days until higher taxes for all americans. and tonight, a white house official is placing the burden of not getting a deal on leaders of congress. one official saying the hits from our economy are not coming from outside factors, they're coming from congressional stupidity. some members of congress do return tomorrow. these comments come just as barbara walters prepares for her "nightline" special tonight. her sitdown at the white house with the president and the first lady. and tonight here, some rare personal questions answered about their own relationship and their girls. one of whom just got her first cell phone. >> reporter: i want to talk a bit about the girls. we have been watching them grow up from little girls to young ladies. now, malia recently got her first cell phone. do you monitor it? and see who she calls or who she texts? >> i give my daughter, at this age, i give her a long rope. you know, and there is monitoring, because we have rules, but monitoring ma
as that fiscal cliff nears. now just six days until higher taxes for all americans. and tonight, a white house official is placing the burden of not getting a deal on leaders of congress. one official saying the hits from our economy are not coming from outside factors, they're coming from congressional stupidity. some members of congress do return tomorrow. these comments come just as barbara walters prepares for her "nightline" special tonight. her sitdown at the white house with...
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Dec 24, 2012
12/12
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are risking the fiscal cliff. >> i think we will fall out of the fiscal tree. it will not be a big deal. >> lawmakers return from their holiday recess on thursday and will have their work cut out for them. in washington, i'm danielle leigh, wbal-tv 11 news. >> 6:08. disney preparing to make a major announcement. >> a terrifying crash police four people dead in ohio. >> chances are this gadget has made it onto a wish list. >> for all the last-minute shopping, we have a look at the forecast. a wintry mix is on the way. >> we will check on your morning commute and a couple ofhqhqhqhqe mountains. >> good morning. this is a live look outdoors. it is still dark outside. temperatures in the low 40's downtown. we switch over to the radar picture to see the storm system approaching from the south. a lot of clouds across the mid atlantic. rain moving into virginia. that pink dot is showing the precipitation is now starting to change over to wintry mix. transition.ng that it will not just be a pure rain because the temperatures are too cold. you can see the storm is bring
are risking the fiscal cliff. >> i think we will fall out of the fiscal tree. it will not be a big deal. >> lawmakers return from their holiday recess on thursday and will have their work cut out for them. in washington, i'm danielle leigh, wbal-tv 11 news. >> 6:08. disney preparing to make a major announcement. >> a terrifying crash police four people dead in ohio. >> chances are this gadget has made it onto a wish list. >> for all the last-minute shopping,...
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Dec 28, 2012
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in order to avoid some of the tax hikes of the fiscal cliff and to deal with some of the unemployment. greg: senator rob portman, a republican from ohio said that if lawmakers in the white house can get through this fiscal cliff, we will immediately face another fiscal cliff, if you will. the debt ceiling, noting that are dead is not sustainable. so portman does not sound impressed by talk of a small package to get through this initial fiscal cliff. worried about the long-term impact of our unsustainable debt. greg: our markets are taking a little bit of a head. falling on wall street, the market is on track for its fifth consecutive decline. investors feared that the fallout will have a tremendous effect on what is already a fragile economic recovery. stephen moore joins us. when economic growth was comparatively pretty good, this the president said no, now you don't want to raise tax rates because the economy is fragile. gdp is worse now, is that? >> i think almost exactly two years ago, the president said the economy is too fragile to raise taxes on anyone. so what you have essenti
in order to avoid some of the tax hikes of the fiscal cliff and to deal with some of the unemployment. greg: senator rob portman, a republican from ohio said that if lawmakers in the white house can get through this fiscal cliff, we will immediately face another fiscal cliff, if you will. the debt ceiling, noting that are dead is not sustainable. so portman does not sound impressed by talk of a small package to get through this initial fiscal cliff. worried about the long-term impact of our...
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Dec 27, 2012
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and time is ticking down on the "fiscal cliff" clock. >> not likely to make a deal before the 1st. >> reporter: cbs 5 political analyst joe tuman says this is washington politics at its worst. >> the only thing that's going to force both sides to negotiate is going over the deadline. people will vote for it. they will be able to say exactly the opposite. >> reporter: in the meantime, consumers suffer. that's because we're about to take the plunge off the dairy cliff. a farm bill expires at the end of the year meaning the government reverts back to the 63-year-old pricing formula for milk and those costs are passed to you. nogallon of milk is about $3.50
and time is ticking down on the "fiscal cliff" clock. >> not likely to make a deal before the 1st. >> reporter: cbs 5 political analyst joe tuman says this is washington politics at its worst. >> the only thing that's going to force both sides to negotiate is going over the deadline. people will vote for it. they will be able to say exactly the opposite. >> reporter: in the meantime, consumers suffer. that's because we're about to take the plunge off the dairy...
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Dec 30, 2012
12/12
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the prospects of a fiscal cliff plunge look closer than ever today when senate talks ground to a standstill. >> i am willing to get this done. i needed dance partner. >> republicans demanded social security cuts. democrats called that a deal killer. the gop to get off the table. the deadline is monday at midnight. if no deal, taxes go up on nine out of 10 americans. potentially catastrophic spending cuts start kicking in. lawmakers spent much of the day behind closed doors plotting strategy. president obama blamed the impasse on republicans. >> the way they are behaving is there on the priority is making sure the tax breaks for the wealthiest americans are protected. >> on sunday, the president talked about his plan b. he wants the senate to vote on extending tax cuts to everyone but the rich. >> if the republicans baca, middle-class taxes will go a. >> a political showdown with only one certainty, tomorrow night's deadline. the president has a plan c, reversing the effects of the cliff on january 4 when the new congress is in town. >> if america does fall off the fiscal cliff, maryland wou
the prospects of a fiscal cliff plunge look closer than ever today when senate talks ground to a standstill. >> i am willing to get this done. i needed dance partner. >> republicans demanded social security cuts. democrats called that a deal killer. the gop to get off the table. the deadline is monday at midnight. if no deal, taxes go up on nine out of 10 americans. potentially catastrophic spending cuts start kicking in. lawmakers spent much of the day behind closed doors plotting...
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Dec 29, 2012
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we conjured up, greta, we conjured up this fiscal cliff to make us deal with our nation's problems. we are still not going to do it. we are going to go into next year and, yes, the american people should be very disgusted. >> greta: i hold everybody in washington accountable for shoving us off that cliff. we are not falling off it you all are shoving us off it for not doing the job and if there is some deal forged about people who make $250,000 a year or less, it is because no one in this country wants to raise taxes on those people but you there has been some what of a dereliction of duty because you will delay the spending cuts which everyone agrees, are the republicans agree are important, you delay them because you haven't done your work and there is going to be no hammer to your heads to actually sit down and do it. like the immigration think that you are all so hucked up to handle a year ago and haven't done anything about. what in the world would be the -- what would possibly be the threat to you to get these spending cuts handled? >> well, first of all, i don't think that de
we conjured up, greta, we conjured up this fiscal cliff to make us deal with our nation's problems. we are still not going to do it. we are going to go into next year and, yes, the american people should be very disgusted. >> greta: i hold everybody in washington accountable for shoving us off that cliff. we are not falling off it you all are shoving us off it for not doing the job and if there is some deal forged about people who make $250,000 a year or less, it is because no one in this...
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Dec 29, 2012
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washington taking america right up to the fiscal cliff. three days now until higher taxes for all. will there be a deal? as americans and their 401(k)s already taking a hit. paying a brice because of that standoff. >>> crash landing. the jet that skidded off the runway nearly smashing into a crowded highway. >>> and back in the game. football coach's battle off the field inspired a major turnaround on it. and tonight, he's about to return. >> you're like -- >> tomorrow, a team's prayer answered. >>> good evening. it's great to have you with us here on a saturday night. we do begin here, with yet another holiday storm. the one-two punch this year, and tonight, on a weekend when so many are still traveling, a challenge out there. here's the radar this evening. rain and snow. tonight, it's moving through the ohio valley right into the northeast, from washington up through philly, new york and boston. this is just one of the many scenes on the highways tonight. this is i-83 outside of harrisburg. where several cars collided in the snow. several people were take on the the hospital. alr
washington taking america right up to the fiscal cliff. three days now until higher taxes for all. will there be a deal? as americans and their 401(k)s already taking a hit. paying a brice because of that standoff. >>> crash landing. the jet that skidded off the runway nearly smashing into a crowded highway. >>> and back in the game. football coach's battle off the field inspired a major turnaround on it. and tonight, he's about to return. >> you're like -- >>...
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Dec 26, 2012
12/12
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. >>> there's still no deal to stop the looming fiscal cliff. but what happens to you if we go off the cliff? for the average american making between $50,000 and $75,000, you see a tax increase of $2,399. making between $100,000 and $200,000 a year, your tax increase is about $6,700. and on december 29th, 2 million americans will lose their unemployment benefits. i want to bring in jared bernstein, msnbc contributor and former chief economist and economic policy adviser to vice president joe biden. that's just some of the details as you so well know here but let's remind ourselves, though, of this word that we have been using. that was termed by mr. bernanke. he called it a cliff. but really -- >> right. >> it is like falling down stairs, isn't it? >> right. more so a staircase or a slope in the sense that some of the damage you just described actually takes a while to arrive and if congress is able to quickly reverse the cliff dive, it could be more and i have heard folks use this, more of a bungee yump to get back up to the cliff. >> at the en
. >>> there's still no deal to stop the looming fiscal cliff. but what happens to you if we go off the cliff? for the average american making between $50,000 and $75,000, you see a tax increase of $2,399. making between $100,000 and $200,000 a year, your tax increase is about $6,700. and on december 29th, 2 million americans will lose their unemployment benefits. i want to bring in jared bernstein, msnbc contributor and former chief economist and economic policy adviser to vice...
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Dec 27, 2012
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he's heading back to washington and hopes to reach a deal on the so-called fiscal cliff. we've all been talking about it. but with just a few days to go, what happens if we do fall off that cliff? doug stand big in washington right now with what could happen if a deal isn't reached. doug? >> good morning. you're right, we're going to have some of the big players back here in washington today. a message for any of them, it may be coming from starbucks. if you order a coffee anywhere in the dc area right now, they're going to write the message, come together, kind of an urgent plea for the president and members of congress to come up with a plan to avert the fiscal cliff. as far as we know, there is not a starbucks on board air force one. and that's exactly where president obama is right now. slowly making his way to issue with a wash. giving him time to make his next move. congress will be back in session as well. this is the first time since 1970 that a house of congress -- in this case the senate -- conducted legislative business in the week between christm new. doesn't
he's heading back to washington and hopes to reach a deal on the so-called fiscal cliff. we've all been talking about it. but with just a few days to go, what happens if we do fall off that cliff? doug stand big in washington right now with what could happen if a deal isn't reached. doug? >> good morning. you're right, we're going to have some of the big players back here in washington today. a message for any of them, it may be coming from starbucks. if you order a coffee anywhere in the...
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Dec 29, 2012
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tonight, the president said he es modestly optimistic about a deal to avoid the fiscal cliff, which would mean avoiding automatic tax increases and spending cuts come january 1. the president spoke to the nation this evening after an hourlong meeting with congressional leaders at the white house. democrat and republican leaders have agreed to extend jobless benefits and some tax increases. they appear to remain deadlocked on who exactly will pay those higher taxes. wo have two reports tonight, beginning with major garrett at the white house. major, good evening. >> reporter: good evening, jeff. two things are clear tonight arat were not clear this morning: progress is real, and if a deal is reached, it will be ir smaller than any of the key players envisioned only a couple weeks ago. is this deal, if it's to be reached, will not be the so- called grand bargain with trillions of dollars of deficit lionction. in fact, jeff, it's not even clear this deal-- again, if there is one-- would stop the across-the-board spending cuts ulr the defense department and peher government programs. it looks
tonight, the president said he es modestly optimistic about a deal to avoid the fiscal cliff, which would mean avoiding automatic tax increases and spending cuts come january 1. the president spoke to the nation this evening after an hourlong meeting with congressional leaders at the white house. democrat and republican leaders have agreed to extend jobless benefits and some tax increases. they appear to remain deadlocked on who exactly will pay those higher taxes. wo have two reports tonight,...
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Dec 28, 2012
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. >> we ought to go over the fiscal cliff. i think we shouldn't make a deal where we're not -- we shouldn't raise taxes. we need entitlement reform, then we can talk. if there's no real entitlement reform, there's nothing we can do. democrats spend, spend, spend. now they have the bill, the fiscal cliff and they don't like the result. what are they going to do? it's time you actually put a stop -- >> we're going to have to leave it there. thank you very much. >> thank you. >> a case of extreme helicopter parents sued by their daughter for stalking but is what they did really that bad? you're legal eagles are on the case coming up. ford c-max hybrid. when you're carrying a lot of weight, c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to the all-new 47 combined mpg c-max hybrid. >>> a parents' love is unconditional and sending kids to college is hard. when you plant monitoring soft
. >> we ought to go over the fiscal cliff. i think we shouldn't make a deal where we're not -- we shouldn't raise taxes. we need entitlement reform, then we can talk. if there's no real entitlement reform, there's nothing we can do. democrats spend, spend, spend. now they have the bill, the fiscal cliff and they don't like the result. what are they going to do? it's time you actually put a stop -- >> we're going to have to leave it there. thank you very much. >> thank you....
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Dec 27, 2012
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the prospect of reaching a deal to avoid the fiscal cliff before january 1st a very unlikely. that's putting it lightly. let's watch. >> there's 435 members of the house. of what goes on in this country shouldn't be decided by the majority. it should be decided by the whole house of representatives. the speaker just has a few days left to change his mind, but i have to be very honest, mr. president, i don't know timewise how it can happen now. >> well, that was plain. this afternoon senate minority leader mitch mcconnell said he wasn't willing to offer the white house a blank check just because we're on the edge of the cliff. take a look. >> last night i told the president we'd be happy to look at whatever he proposes, but the truth is we're coming up against a hard deadline here and as i said, this is a conversation we should have had months ago. and republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> well, actually it's not a blank check the president has been pushing. and this
the prospect of reaching a deal to avoid the fiscal cliff before january 1st a very unlikely. that's putting it lightly. let's watch. >> there's 435 members of the house. of what goes on in this country shouldn't be decided by the majority. it should be decided by the whole house of representatives. the speaker just has a few days left to change his mind, but i have to be very honest, mr. president, i don't know timewise how it can happen now. >> well, that was plain. this afternoon...
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Dec 30, 2012
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as lawmakers take us right up to that fiscal cliff. this evening, three days to go before taxes go up for all americans. will the president's pressure on congress bring in a deal? let's bring in jon karl on this. jon, are they any closer? >> a little closer, but they are certainly not there yet. tonight, congressional leaders are making one last-ditch effort to keep most americans from waking up to a big tax like on new year's day. with just three days left, finally a glimmer of hope. >> i'm hopeful and optimistic. >> whatever we come up with it's going to be imperfect. some people aren't going to a like it. >> reporter: right now, it's all in the hands of the two senate leaders. democratic harry reid and republican mitch mcconnell. they're working on a mini-deal that would prevent a tax increase for roughly 98% of american workers. extend unemployment benefits that are set to expire for some 2 million people. and prevent a huge cut in payments to medicare doctors. what took so long? >> the american people are watching what we do here.
as lawmakers take us right up to that fiscal cliff. this evening, three days to go before taxes go up for all americans. will the president's pressure on congress bring in a deal? let's bring in jon karl on this. jon, are they any closer? >> a little closer, but they are certainly not there yet. tonight, congressional leaders are making one last-ditch effort to keep most americans from waking up to a big tax like on new year's day. with just three days left, finally a glimmer of hope....
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Dec 27, 2012
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cliff. there are just five days remaining to strike a deal. we'll get to all that in a moment, but first, we begin with a massive winter storm that made holiday travel miserable for millions of americans, including me! winter storm euclid -- what, are we naming snowstorms now? euclid. you can lid? well, euclid blanketed much of the eastern half of the country yesterday, dropping blizzard-like conditions and record snowfall in the midwest, and by late afternoon, euclid moved northeast, bringing traffic to a standstill, forcing the cancellation of more than 1,500 flights on one of the busiest travel days of the year. the weather channel's mike seidel has more on the massive christmas storm. >> reporter: a major snowstorm has dumped over a foot of snow across parts of the midwest. indiana got hit hard. high winds adding to the misery there. >> it's a lot better with the four-wheel-drive, but it, yeah, it's definitely a doozy out there. >> reporter: and there's lots of snow in little rock, too.
cliff. there are just five days remaining to strike a deal. we'll get to all that in a moment, but first, we begin with a massive winter storm that made holiday travel miserable for millions of americans, including me! winter storm euclid -- what, are we naming snowstorms now? euclid. you can lid? well, euclid blanketed much of the eastern half of the country yesterday, dropping blizzard-like conditions and record snowfall in the midwest, and by late afternoon, euclid moved northeast, bringing...
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Dec 31, 2012
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democrats and republicans are wrangling over last minute legislation to avert the so called fiscal cliff, you know, the one two punch of tax increases and budget cults that will go into effect january 1. there's no sign of a deal so far. here's pridy arla. >> reporter: the clock is ticking, negotiations are ongoing, but at this point, democrats and republicans remain at odds. >> regardless of partisan differences, our top priority has to be to make sure that taxes on middle class families do not go up that would hurt our economy badly. we can get that done. >> reporter: president obama called for immediate action, but there was no vote in the senate tonight. >> we're going to come in at 11:00 a.m. tomorrow morning and we'll have further announcement perhaps, and we'll have a talk in the morning, i certainly hope so. >> reporter: minority leader mitch mcconnell called vice president biden in for help. he is now said to be playing a direct role. >> there's no single issue that remains an impossible sticking point. the sticking point appears to be a willingness and interest or frankly the c
democrats and republicans are wrangling over last minute legislation to avert the so called fiscal cliff, you know, the one two punch of tax increases and budget cults that will go into effect january 1. there's no sign of a deal so far. here's pridy arla. >> reporter: the clock is ticking, negotiations are ongoing, but at this point, democrats and republicans remain at odds. >> regardless of partisan differences, our top priority has to be to make sure that taxes on middle class...
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five days until we fall off the fiscal cliff. the president returning to washington to try to negotiate things there. doug luzader is life with the president's plans and what could happen if a deal isn't reached in time. >> the president is in the air on board air force one heading back from hawaii. he is going to come back from washington where not much has changed. as far as congress is concerned the senate will be meeting today. interesting little tidbit this is the first time since 19170 there have been legislative business conducted in the weeks of between christmas and new years. we will see some activity on hap t capitol hill. there may be a stopgap measure to try to prevent the calamity that happens at the end of the year if we reach the fiscal cliff. if we do not have some kind of a compromise. here's what's going to happen. just about everybody is going to have a tax increase. the number goes up significantly with incomes. if you are talking 200 to 500,000 in income almost 14,000 dollars in tax hikes. the wealthiest ame
five days until we fall off the fiscal cliff. the president returning to washington to try to negotiate things there. doug luzader is life with the president's plans and what could happen if a deal isn't reached in time. >> the president is in the air on board air force one heading back from hawaii. he is going to come back from washington where not much has changed. as far as congress is concerned the senate will be meeting today. interesting little tidbit this is the first time since...
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Dec 28, 2012
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listen, this fiscal cliff deal, everyone is so sick of hearing the phrase. i it talked to several this week, members of congress and members of the senate who indicate we're going over the cliff. they say it won't be that bad. don't worry about it. there's something in me that wonders about the psychological impact of just going right over. >> mike, you're right. they are saying that, and there's a real risk especially in the white house. they know that the reaction of the markets, especially overseas, the credit raters is unpredictable. you don't want to start your second term with a double-dip recession. that's the real risk here. for republicans more and more you hear them saying and i think this is what you're refer to here. you hear them saying, let's just wait until people get their first paycheck. wait until they get that pay economic when there's less withheld and there's not a payroll tax holiday but then they want tax relief. it's a huge risk. another political game at play here. sherman has a great story on the sight right there giving the thought
listen, this fiscal cliff deal, everyone is so sick of hearing the phrase. i it talked to several this week, members of congress and members of the senate who indicate we're going over the cliff. they say it won't be that bad. don't worry about it. there's something in me that wonders about the psychological impact of just going right over. >> mike, you're right. they are saying that, and there's a real risk especially in the white house. they know that the reaction of the markets,...
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Dec 24, 2012
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there are eight days now until fhe fiscal cliff of big tax increases for most americans. and across-the-board spending cuts in the federal budget. even with congress adjourned and president obama out of town, erme lawmakers today talked about a last minute deal. >> my own belief is what we ought to do is take speaker boehner's last offer, the president's last offer, split the difference. that would be a package of about $2.6 trillion. you couple that with the 1.1 trillion already done. that would be close to the $4 trillion we need to stabilize the debt and begin to bring it down. >> i would vote for revenues, including tax rate hikes even ugh ih i don't like them, to get a-- to save the country from becoming greece, tax rate hikes are part of the solution driven by the president. but he's going to get tax rate hikes. ratey republican colleagues, if we can protect 99% of the american public from a tax hike that is not a tax increase in my books. >> glor: with christmas just two nuys away last minute gift buyers are out. today shopper track said raturday was the busiest da
there are eight days now until fhe fiscal cliff of big tax increases for most americans. and across-the-board spending cuts in the federal budget. even with congress adjourned and president obama out of town, erme lawmakers today talked about a last minute deal. >> my own belief is what we ought to do is take speaker boehner's last offer, the president's last offer, split the difference. that would be a package of about $2.6 trillion. you couple that with the 1.1 trillion already done....
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Dec 27, 2012
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that was put on cups to push members of congress to come to a deal on the fiscal cliff. shultz followed up with a blog saying everyone should put the pressure on congress. >>> a cartoonist went a more pessimistic approach. a box labeled deficit crisis compromised saying do not open until with all the holidays crossed out signed by boehner and obama. >>> all featured on politico's list of the top viral videos of 2012. the politico ones, of course. here's a look back. >> in the silvery moonlight that bathes every town, the people lie dreaming so safe and so sound. they're warm in their beds, snuggled up in the sheets. but four years before, they were out in the streets. sorry, my friend, but there's no time to snore. we're all on our own if romney has his way. and he's against safety nets. if you fall, tough luck. so i strongly suggest that you wake the [ bleep ] up. >> there's only one thing that might deny us the presidency that is the god-given property of the republican party. >> the 47%? >> nope? >> caymen islands? >> nope. >> $10,000 bet, i like to fire people? >> no
that was put on cups to push members of congress to come to a deal on the fiscal cliff. shultz followed up with a blog saying everyone should put the pressure on congress. >>> a cartoonist went a more pessimistic approach. a box labeled deficit crisis compromised saying do not open until with all the holidays crossed out signed by boehner and obama. >>> all featured on politico's list of the top viral videos of 2012. the politico ones, of course. here's a look back. >>...
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Dec 29, 2012
12/12
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parachute. >> the last minute move to save us from the fiscal cliff. and, a shooting inside a politician. -- police station. officers down and a suspect dead. >> i saw them throw somebody into an ambulance. >> in moments, what we know about how this happened. and on very thin ice. >> the deeper you got out, the more ice was cracking. you just couldn't get to them. >> the rescue mission to pluck a man and a dog from a frozen river. i'm harris faulkner in for shepard smith. and president obama says tonight there is still time to get a deal done before we fall off the fiscal cliff. and he demanded congress take action now before it's too late. the president spoke in the white house briefing room just about an hour ago now. he was visibly tense. frustration in his voice. >> america wonders why it is in this town for some reason you can't get stuff done in an organized timetable. why everything always has to wait until the last minute. well, we are now at the last minute. and the american people are not going to have any patience for a politically self-infl
parachute. >> the last minute move to save us from the fiscal cliff. and, a shooting inside a politician. -- police station. officers down and a suspect dead. >> i saw them throw somebody into an ambulance. >> in moments, what we know about how this happened. and on very thin ice. >> the deeper you got out, the more ice was cracking. you just couldn't get to them. >> the rescue mission to pluck a man and a dog from a frozen river. i'm harris faulkner in for shepard...
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Dec 24, 2012
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two high-ranking senators saying over the weekend about the fiscal cliff more likely a deal won't be met in time. we'll get into that. >>> a piece of "the boston globe" over the weekend where mitt romney's elder son said his father was reluctant and didn'ten to run for president to begin with. >>> long before the duchess cambridge joined the royal family, queen elizabeth was setting the style trends. this morning her fashion secrets revealed but her official dresser. can't wait for that. >>> let's get started with that all-important forecast on this busy christmas eve morning. the weather channel's maria la rosa is in for al upstairs in the stat light center. good morning. >> we have a positive side. it's been a wind snowfall for ski he resorts across the west but travel is a nightmare. they're holding traffic in passes in the sierra nevada. it pushes to the east, and that's when we are concerned about severe weather. look at the future cast looking at the radar from midnight tonight. you see the heavy rainfall, damaging wind gusts and potentially tornadoes tomorrow morning from east
two high-ranking senators saying over the weekend about the fiscal cliff more likely a deal won't be met in time. we'll get into that. >>> a piece of "the boston globe" over the weekend where mitt romney's elder son said his father was reluctant and didn'ten to run for president to begin with. >>> long before the duchess cambridge joined the royal family, queen elizabeth was setting the style trends. this morning her fashion secrets revealed but her official dresser....
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>> the fiscal cliff puts it in jeopardy. many are afraid to invest in their business and hire new workers. make plans. >> no longer vetting a deal is done by new year's eve f. one comes by early january definitely a possibility. the economic impact should be minim minimal. if one comes later than that the damage to the economy is already done and you will see more talk of recession and analysts started cutting the earnings growth in the fourth quarter. >> one thing they don't like is uncertainty. apple released a new product and there will be another new product. >> now that you got them under the christmas tree. a man who has been right predicting apple products before a 5th generation ipad will look like the mini but some what thinner narrower and shorter than a regular ipad so not as small. apple is working on another generation of the ipad mini. it could be two new products. >> we could have just wasted our money at christmastime. >> sales were down from what was expected. >> yeah, the holiday shopping season a disappoin
>> the fiscal cliff puts it in jeopardy. many are afraid to invest in their business and hire new workers. make plans. >> no longer vetting a deal is done by new year's eve f. one comes by early january definitely a possibility. the economic impact should be minim minimal. if one comes later than that the damage to the economy is already done and you will see more talk of recession and analysts started cutting the earnings growth in the fourth quarter. >> one thing they don't...
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hopefully to avert the fiscal cliff. and former president george h.w. bush remains in intensive care at a houston hospital after a series of health setbacks. >>> and the former president among those tonight mourning the death of the legendary american general storm norman schwarzkopf. he booted saddam hussein's forces out of kuwait in the he died in central florida. the assignment the last chanter in an extraordinary olive of service. general schwarzkopf was one of the most well known commanders in modern mill tare arery history. >> he most certainly was. his command of the gulf war inspired me to become a war correspondent. although he had a long connection with that region. he was obviously -- famous for being commander of the forces during the golf war. he had gone to school in tehran and iran as a kid. they were stationed there. schwarzkopf guided military school before serving in the south vietnamese airborne division. by the time he was a lieutenant colonel he distinguished himself by helping rescue men of his batt
hopefully to avert the fiscal cliff. and former president george h.w. bush remains in intensive care at a houston hospital after a series of health setbacks. >>> and the former president among those tonight mourning the death of the legendary american general storm norman schwarzkopf. he booted saddam hussein's forces out of kuwait in the he died in central florida. the assignment the last chanter in an extraordinary olive of service. general schwarzkopf was one of the most well known...
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in both houses of congress, if we get through this fiscal cliff and get to january, people will rightfully ask is there a better way to do this? since we seem to have a majority in both chambers that would like to solve the problem, but procedurally we're not getting to an answer. >> soon to be senator tim scott takes the oath next week, the only african-american senator, it highlights an interesting dichotomy. republicans have more minorities in the senate than democrats, while the party itself struggles with minority voters. >> i think you hit the nail on the head. clearly the republicans are having a major problem reaching out not just to people of color, but to women and so forth. i think what the republican party is trying to do is say, you know what? we have to do a better job. tim scott is a conservative from south carolina and also he's a earl if legislator in terms of being in the house of representatives, so it's perfect sense for him to go to the senate. we also see to a certain degree the first latino from texas, ted cruz, coming into the senate as well. so no question the repu
in both houses of congress, if we get through this fiscal cliff and get to january, people will rightfully ask is there a better way to do this? since we seem to have a majority in both chambers that would like to solve the problem, but procedurally we're not getting to an answer. >> soon to be senator tim scott takes the oath next week, the only african-american senator, it highlights an interesting dichotomy. republicans have more minorities in the senate than democrats, while the party...
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the fiscal cliff could hurt a little or a lot. at least in the short run. that is up to the government and the choices the government makes for the first weeks or month or two at least. for instance, the irs, the internal revenue service can decide what to do about how they treat the tax increase. the agency could delay increasing the amount it withholds from your paycheck each week assuming congress would reach a deal. that way you wouldn't notice the tax increase before it turned around. if it didn't get reversed, you're going to get quite a bill from the taxman. also if we go over the cliff, and the spending cuts begin to take hold, the various agencies of the federal government can consider putting employees on furlough. meaning they take unpaid days off. that's considered a better alternative than layoffs, if we don't get a deal quickly, the furloughs will have to become layoffs, that will mean real pain. >>> the great question is how quickly that pain will begin. would it hurt the real economy before we get a deal? or would the prospect of pain create
the fiscal cliff could hurt a little or a lot. at least in the short run. that is up to the government and the choices the government makes for the first weeks or month or two at least. for instance, the irs, the internal revenue service can decide what to do about how they treat the tax increase. the agency could delay increasing the amount it withholds from your paycheck each week assuming congress would reach a deal. that way you wouldn't notice the tax increase before it turned around. if...
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Dec 30, 2012
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just two days to the fiscal cliff and rupps say they were in discussions all day saturday. if they can't reach a deal by new year's eve, taxes go up for every american and americans will suffer deep spending cuts. >>> new york city police have charge add 31-year-old woman to murder of a hate crime. she allegedly confessed to pushing a man in front of a subway on thursday. now back to "lockup." >>> in 1991, eddie lowery is paroled from prison. after serving nearly ten years behind bars for a rape he now says he didn't commit. lowery moves to kansas city, missouri. he gets a job at a ford motor plant on the assembly line. he marries teri and starts a new family. buys a house in the suburbs. but still, he's a man with a past. >> my prison number is 37839. i know it like my social security number. you know was known so long for that name. my first name was lowery. my last name was 37839. >> though lowery is out of prison, he's not free. in 1996, congress passes megan's law. it requires that the names and addresses of sex offenders be made available to the public. >> i was like,
just two days to the fiscal cliff and rupps say they were in discussions all day saturday. if they can't reach a deal by new year's eve, taxes go up for every american and americans will suffer deep spending cuts. >>> new york city police have charge add 31-year-old woman to murder of a hate crime. she allegedly confessed to pushing a man in front of a subway on thursday. now back to "lockup." >>> in 1991, eddie lowery is paroled from prison. after serving nearly ten...
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later he'll head back to the white house to work on a deal to avoid the fiscal cliff. peter doocy live in washington with more on the last-minute deal making. hey, peter. >> hey. president obama is still going to be able to squeeze in one more day of vacation in hawaii before he leaves his wife and daughters hyped and boards air force one for dc at about 10:00 p.m. in honolulu, 3:00 a.m. eastern time. that should get him back to the white house sometime tomorrow, thursday morning, on the back end of a break he says he hopes will get lawmakers on the same page. >> everybody can co- opt, drink egg nog, have christmas cookies, sing some christmas carols, enjoy the company of loved ones and then i'd ask every member of congress, while they're back home, to think about that. think about the obligations we have to the people who sent us here. >> speaker of the house, john boehner, is expected to come back to washington at any time as well. before he went back to ohio and president obama went to hawaii, they were believed to be about $400 billion apart in spending cuts and ta
later he'll head back to the white house to work on a deal to avoid the fiscal cliff. peter doocy live in washington with more on the last-minute deal making. hey, peter. >> hey. president obama is still going to be able to squeeze in one more day of vacation in hawaii before he leaves his wife and daughters hyped and boards air force one for dc at about 10:00 p.m. in honolulu, 3:00 a.m. eastern time. that should get him back to the white house sometime tomorrow, thursday morning, on the...
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and didn't let them expire for upper had of inco upper-income people, that he wouldn't get a budget deal and that tactically what would happen is after the election, we're facing this budget cliff, we'll have a very interesting post-election lame-duck session of congress. they will avoid the fiscal cliff, and they'll do it in a way that will produce a budget agreement either in this lame-duck session or in the first couple of months of next year. that's what i think will happen. >> there's the part of the conversation every year that drives mika crazy when i talk about how we all, in the 1990s, worked together despite some pretty tough differences. >> we didn't in 1995. we had a pretty rough '95. >> '95 was an ugly year. there were a couple of other ugly years. >> but the other ugly years we already had a modus operandi of working together. if you look at what was accomplished in '98, '99 and 2000, they were good years. the only desert year was 1999. >> i faulk specifically about 1999 because people will poke at me when i talk about how you and the republican congress worked together. i
and didn't let them expire for upper had of inco upper-income people, that he wouldn't get a budget deal and that tactically what would happen is after the election, we're facing this budget cliff, we'll have a very interesting post-election lame-duck session of congress. they will avoid the fiscal cliff, and they'll do it in a way that will produce a budget agreement either in this lame-duck session or in the first couple of months of next year. that's what i think will happen. >>...
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they realize that if there is no deal that gets done, we go over the fiscal cliff or the obama cliff and everything that gets kicked into gear, higher tax rates, some of the spending cuts, sequestration, probably good for the economy, which i believe is, but also he can come back in after the first of the year, sometime in january or february and say, let's pass some tax cuts for people making under $250,000 a year, like i've wanted to do all along and he gets to own tax cuts. it's very, very politically senator to do this on his part. on right, they really, really needed to be one voice and they just couldn't get to that. >> kelly: he divided the republicans as charles krauthammer alluded to, saying that's what the president wanted to do, to divide the republicans. senator john barrasso has something to say about the president, saying he may have wanted to do this all along, go off the fiscal cliff. >> i think that he sees a lot of cuts to the military, which the democrats have been after for a long time. and then he gets to do what he loves to do, which is blame republicans. my con
they realize that if there is no deal that gets done, we go over the fiscal cliff or the obama cliff and everything that gets kicked into gear, higher tax rates, some of the spending cuts, sequestration, probably good for the economy, which i believe is, but also he can come back in after the first of the year, sometime in january or february and say, let's pass some tax cuts for people making under $250,000 a year, like i've wanted to do all along and he gets to own tax cuts. it's very, very...
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back from the edge of the fiscal cliff. and welcome to a brand new hour of "america live," i'm heather childers. gregg: and i'm gregg jarrett, megyn is off today. senate lawmakers also cutting short their holiday break. the real sticking point is in all of this has been the president's proposed tax hike. both sides suggesting a cooling-off period was necessary before getting back to business, but the word from both democrats and republicans today, nothing has changed. chief white house correspondent ed henry is in beautiful honolulu. aloha, ed. [laughter] >> reporter: aloha. [laughter] well, it's interesting pause you say the sticking point -- because you say the sticking point is taxes going up, which is true, but the other big one will be spending cuts because the latest offer, we've been through plan a which was that $4 trillion debt deal, plan b which fell apart on speaker john boehner last week, now we're basically on plan c which president obama says would be dealing with short-term issues like two million people who
back from the edge of the fiscal cliff. and welcome to a brand new hour of "america live," i'm heather childers. gregg: and i'm gregg jarrett, megyn is off today. senate lawmakers also cutting short their holiday break. the real sticking point is in all of this has been the president's proposed tax hike. both sides suggesting a cooling-off period was necessary before getting back to business, but the word from both democrats and republicans today, nothing has changed. chief white...
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cliff and the markets out there again could be very, very harsh if there is no deal. so i don't know about christmas cheer but i think there are certain political realities that say there's got to be something done, even if it's a temporary patch that allows them to say we're going to have the big vote in terms of the cuts and tax hikes and reform, you know, in a few weeks. but they have got to do something in the short term or they're going to be dire consequences. i don't think that is any hyperbole, kelly, it is just the truth. kelly: just the truth. bottom line so i let you go, what is your next guess, deal or no deal? >> i think they get some kind of deal. it may pass the january 1st, december 31st deadline to get the house vote but i think you will see something done. kelly: maybe a pared down version but something will get done. kelly, have a happy holiday. >> you too, juan. jamie: the taliban is claiming responsibility for a homicide car bombing in khost. it is at the very same base where seven cia employees were killed three years ago by a jordanian homicide
cliff and the markets out there again could be very, very harsh if there is no deal. so i don't know about christmas cheer but i think there are certain political realities that say there's got to be something done, even if it's a temporary patch that allows them to say we're going to have the big vote in terms of the cuts and tax hikes and reform, you know, in a few weeks. but they have got to do something in the short term or they're going to be dire consequences. i don't think that is any...
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. >> so a top story today, one of the ledges of the fiscal cliff, those automatic spending cuts that almost certainly are going to kick in. we don't see that being part of some last-second deal. hit the defense department. but the pentagon's real problem is not those cuts, but the ones that are going to be coming over the next decade. we talked to military contractors, top officials at the pentagon. they see a long period of downward decline. that after the war in afghanistan, there's going to be a period of austerity. they're calling it -- they have a term around the pentagon, a very graphic self-amputation as they cut back over the years. and this was one of the reasons that president obama had, at the top of his short list, the former republican senator, still a republican, chuck hagel of nebraska. he's somebody who's talked about the pentagon as being bloated, had very specific ideas about how to cut it. but mike, sam, the table, we're hearing that that trial balloon has been popped. that senator hagel has a possibility for secretary of defense, has really lost a lot of altitude.
. >> so a top story today, one of the ledges of the fiscal cliff, those automatic spending cuts that almost certainly are going to kick in. we don't see that being part of some last-second deal. hit the defense department. but the pentagon's real problem is not those cuts, but the ones that are going to be coming over the next decade. we talked to military contractors, top officials at the pentagon. they see a long period of downward decline. that after the war in afghanistan, there's...